July 18, 2007 / 2:33 PM / 11 years ago

Qiao Xing Mobile sees no impact from parent co.'s restatement

July 18 (Reuters) - Qiao Xing Mobile Communication Co. Ltd. QXM.N said the restatement announced by its parent company, Qiao Xing Universal Telephone Inc. XING.O, will not affect its prior results.

China’s Qiao Xing Universal, on Tuesday, said it will restate results for 2003 to 2005 due to some errors in the financial statements of its U.S. mobile handset unit, Qiao Xing Mobile. (Reporting by Neetha Mahadevan in Bangalore)

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